What led to Benchmark’s ‘unprecedented’ lawsuit? Maybe founder-friendly provisions that made Uber founder Travis Kalanick king.

What led to Benchmark’s ‘unprecedented’ lawsuit? Maybe founder-friendly provisions that made Uber founder Travis Kalanick king.

7 years ago
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https://www.recode.net/2017/8/11/16129326/benchmark-uber-bill-gurley-travis-kalanick-lawsuit-analysis

When Bill Gurley wrote six weeks ago that Travis Kalanick had earned “many pages in the history books,” this probably wasn’t what he had in mind.

Fresh off ousting Kalanick from the CEO role at Uber, Gurley wrote late that evening on Twitter that “very few entrepreneurs have had such a lasting impact on the world.” What was left unsaid was that Gurley and his venture capital firm, Benchmark, were fuming over what they considered a cover-up that — as the investor’s firm alleged in a lawsuit today — amounted to high-profile dupery.

What led to Benchmark’s ‘unprecedented’ lawsuit? Maybe founder-friendly provisions that made Uber founder Travis Kalanick king.

Aug 11, 2017, 6:11am UTC
https://www.recode.net/2017/8/11/16129326/benchmark-uber-bill-gurley-travis-kalanick-lawsuit-analysis >When Bill Gurley wrote six weeks ago that Travis Kalanick had earned “many pages in the history books,” this probably wasn’t what he had in mind. >Fresh off ousting Kalanick from the CEO role at Uber, Gurley wrote late that evening on Twitter that “very few entrepreneurs have had such a lasting impact on the world.” What was left unsaid was that Gurley and his venture capital firm, Benchmark, were fuming over what they considered a cover-up that — as the investor’s firm alleged in a lawsuit today — amounted to high-profile dupery.